U.S T-Note Bearish Scenario by ThinkingAntsOk
4H CHART EXPLANATION:
On this timeframe, we can see how price tried to break the Top of the Ascending Channel multiple times but failed. Now, there is MACD Bearish Divergence which indicates that the trend is getting weaker. There is a middle trendline inside the channel, so, the movement may try to reach that zone, and if it is broke, then the bottom of the Ascending Channel would be next target.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
On this timeframe, we can see how price tried to break the Top of the Ascending Channel multiple times but failed. Now, there is MACD Bearish Divergence which indicates that the trend is getting weaker. There is a middle trendline inside the channel, so, the movement may try to reach that zone, and if it is broke, then the bottom of the Ascending Channel would be next target.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
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